u.s. economy news today
- ECONOMY
Petrobras CEO to leave as Lula prepares to take office in Brazil
Petrobras’s chief executive will leave the Brazilian state-controlled oil and gas producer after only a short tenure, ahead of a…
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Voting draws to a close in Georgia Senate run-off election
The final voters headed to the polls in Georgia on Tuesday afternoon for a runoff election that will determine the…
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Argentina’s Cristina Fernández de Kirchner convicted of corruption
Cristina Fernández de Kirchner, Argentina’s vice-president and a towering figure of Latin America’s political left, has been convicted of corruption…
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FirstFT: TSMC triples Arizona chip investment
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas…
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The humbling of Cyril Ramaphosa
For now, at least, Cyril Ramaphosa lives to fight another day. The president of South Africa was on the verge…
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Sunak moves to lift de facto ban on onshore wind farms in England
Rishi Sunak has announced a consultation on relaxing rules that effectively ban new onshore wind turbines in England after pressure…
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City minister warns UK regulators to improve transparency
The City minister has warned Britain’s financial services regulators to raise their game ahead of the launch of wide-ranging reforms…
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Hungary blocks €18bn-worth of EU aid for Ukraine
Hungary has blocked an €18bn package of EU financial support for Ukraine, deepening a rift between prime minister Viktor Orbán…
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Lebanon’s constitutional void is an opportunity for regional players
The writer is author of ‘Black Wave’ The US vs Iran football match in Qatar, one of the most politically…
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UK considers precautionary antibiotics for children as Strep A cases rise
Ministers have raised the prospect of UK children being given antibiotics as a precaution if a classmate falls ill with…
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How the G7’s oil price cap blocked the Bosphorus
The G7’s plan to keep Russian crude flowing whilst denting Moscow’s revenues is already facing its first problem. By Monday…
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Malawian anti-corruption head detained as graft scandal escalates
Malawian police detained the head of the southern African nation’s anti-corruption bureau (ACB), days after her office charged the vice-president…
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World Bank warns of mounting debt burden for poorer countries
The world’s poorest countries face three years of soaring debt service costs, draining vital resources from spending on health, education…
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Germany can take part in EU’s €800bn Covid recovery fund, court rules
Germany’s constitutional court has thrown out two legal challenges to the EU’s €800bn Covid recovery fund, in a move that…
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Israel’s NSO bets its future on Netanyahu’s comeback
Pegasus spyware maker NSO Group is betting that the electoral victory of longtime ally Benjamin Netanyahu will restore its fortunes,…
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Crypto regulation/stablecoins: UK aims to rein in alternative currencies
The UK is preparing to lasso the crypto bull, with a sweeping new regulatory regime. Though welcome, this comes too…
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Indonesia to ban insults against president under new criminal code
Indonesia has legislated to outlaw insults against the president and sex outside marriage as part of an extensive overhaul of…
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Marston’s pubs enjoy World Cup boost
Football fans visiting the pub to watch England’s World Cup matches have boosted drink sales at Marston’s by up to…
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Is Boris Johnson really the emissary that blockchain needs right now?
With FTX in tatters, bitcoin in abeyance and the entire fundament of crypto finance in doubt, the technology of blockchain…
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UK construction growth slows as mortgage rates hit housing market
UK construction growth has slowed to a three-month low as higher mortgage rates hit the housing market, according to a closely…
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World Cup briefing: wingers will decide who wins in Qatar
The team that wins the World Cup in Qatar will be the one with the best wide players. At least…
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Chinese battery makers set to dominate Europe’s car industry
For decades, Europe has been a global hub of combustion engine production but as the industry shifts to electric vehicles,…
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Solar energy projects enlist legal help amid trade disputes
Governments and campaigners agree that solar power must be scaled up if the world is to combat global warming. But…
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Germany confronts a broken business model
Hives of activity don’t get bigger — and busier — than BASF’s headquarters in Ludwigshafen. The size of a small…
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Political ‘firestorm’ spurs demand for all-in-one employment law services
As employers come under pressure to deliver policy responses to such high-profile issues as Covid-19, racial justice and abortion rights,…
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China braces for Covid outbreaks among medical staff and migrant workers
Chinese health authorities have raised concerns about Covid-19 outbreaks among frontline medical staff and migrant workers returning home during the…
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US straightens out supply chains after months of inflationary snarls
Costs are beginning to fall throughout US supply chains, easing inflationary pressures even as importers voice concern that fresh disruptions…
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Edward Hopper’s quiet New York lives again at the Whitney — review
‘Office in a Small City’ (1953) by Edward Hopper © Heirs of Josephine N Hopper/licensed by ARS. Image courtesy Art…
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EU to deploy border agents in the western Balkans for first time
The EU plans to deploy its border agents in the western Balkans under agreements with regional governments seeking EU membership,…
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US Supreme Court weighs protections for designer opposing same-sex marriage
The US Supreme Court’s conservative majority appeared sympathetic to a woman who said she should not be compelled to make…
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FirstFT: Renminbi hits 12-week high in China rally
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US rail industry: ESG investors on track with better worker deal
The US has averted a crippling national rail strike by imposing a labour agreement on rail companies and workers. The…
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French Pornhub case shows how hard it is to regulate the internet
The writer, a lawyer at Orrick in Paris, was previously counsel for Twitter UK Within the past few days, Elon…
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Italy’s central bank warns Giorgia Meloni’s plans to promote cash use carry risks
Italy’s central bank has claimed government plans to promote cash instead of digital payments risk boosting the country’s black economy,…
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Trafigura secures $3bn loan facility to provide Germany with natural gas
Commodity trading house Trafigura has signed a $3bn loan facility partly backstopped by the German government to help supply natural…
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The go-slow gambit on Biden’s car subsidies
This article is an on-site version of our Trade Secrets newsletter. Sign up here to get the newsletter sent straight…
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Australia, China and the judgment of the Solomons
If you wanted to nominate a country in the world with zero strategic significance, the Solomon Islands might sound like…
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Brooklyn’s in the House
This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight…
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Market turmoil threatens to undermine efforts to curb inflation, says BIS
Central banks could be forced to backstop crucial parts of the financial system that are vulnerable to higher interest rates,…
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UAE and Ukraine open trade talks
The UAE is to open trade talks with Ukraine, seeking to boost economic ties despite the Russian invasion. The war…
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Toyota to launch six electric models in Europe by 2026
Toyota will launch six electric models in Europe by 2026 and start UK trials converting pick-up trucks to run on…
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War and adverse weather set to keep food prices high
Climate change and the war in Ukraine are set to keep food prices at far higher levels than before the…
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‘Wage inflation? What wage inflation?’ ask workers
Economic policymakers and business leaders worry a great deal about wage inflation. Average workers, not so much. That’s because real…
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Cheap loans set to give young Greeks a shot at a home of their own
Katerina Giousi had given up on buying a place to call home. “It was just unthinkable,” the 29-year-old hairdresser, recently…
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China steps on Washington’s toes as Xi heads to Saudi Arabia
President Xi Jinping will this week pay his first visit to Saudi Arabia in six years as part of efforts…
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Home secretary welcomes report calling for crackdown on asylum seekers
Suella Braverman, UK home secretary, has welcomed a report calling for a major crackdown on asylum seekers who come to…
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European Business School Ranking: innovation shines through gloom
Europe faces tensions on many fronts, in the wake of the pandemic. But its business schools have the potential to…
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Keir Starmer must plot a bold route back to Europe for Britain
The writer is a former Member of the European Parliament The rest of Europe looks with amazement at the goings-on…
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What will Chinese trade data tell us about the economy?
What will Chinese trade data tell us about the health of the economy? Trade data slated for release on Wednesday…
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EU must adapt state aid rules in response to US green subsidies, Commission chief warns
The EU must “simplify and adapt” its rules on state aid in response to the US’s new $369bn climate package,…
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